Major bank cuts mortgage rates after Bank of England interest rates decision

Major bank cuts mortgage rates after Bank of England interest rates decision

A MAJOR bank is to slash its mortgage rates after the Bank of England decided not to hike interest rates again. Santander has announced rate reductions and new deals after the central bank decided to hold the current base rate at 5.25%. GettySantander has announced rate reductions and new deals from tomorrow[/caption] The BoE base rate is often used by high street banks to set the rates they offer to customers on things like loans, savings and m…